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Technical Analysis

GBPJPY approaching resistance, potential drop!
GBPJPY approaching resistance, potential drop!

GBPJPY is approaching our first resistance at 146.02 (horizontal overlap resistance, 50%, 61.8% Fibonacci retracement) and a strong drop might occur below this level pushing...

CADJPY approaching support, potential bounce!
CADJPY approaching support, potential bounce!

CADJPY is approaching our first support at 82.47 (Horizontal swing low support, 100% Fibonacci extension, 23.6% Fibonacci retracment) where a strong bounce might occur above this...

EURGBP approaching resistance, potential drop!
EURGBP approaching resistance, potential drop!

EURGBP is approaching our first resistance at 0.8857 (horizontal swing high resistance, 50% Fibonacci retracement, 100% fibonacci extension) and a strong drop might occur pushing...

CHFJPY approaching support, potential bounce!
CHFJPY approaching support, potential bounce!

CHFJPY is approaching our first support at 109.34 (Horizontal swing low support, 76.4% Fibonacci retracement, 100% Fibonacci extension) and a strong bounce might occur above this...

Summary
Summary

Today we are seeing a nice setup on EURGBP and GBPJPY as it is approaching resistance where we expect a drop below this level. Here are some of our nice calls previously: GBPAUD bounced perfectly from...

EURGBP approaching resistance, potential drop!
EURGBP approaching resistance, potential drop!

EURGBP is approaching our first resistance at 0.8857 (horizontal swing high resistance, 50% Fibonacci retracemen, 100% fibonacci extension) and a strong drop might occur below...

AUDUSD approaching support, potential bounce!
AUDUSD approaching support, potential bounce!

AUDUSD is approaching our first support at 0.7200 (61.8% Fibonacci retracement, 61.8% Fibonacci extension, horizontal pullback support) where a strong bounce might occur above...

SPX approaching resistance, potential drop!
SPX approaching resistance, potential drop!

SPX is approaching our first resistance at 2703 (100% fibonacci extension, 76.4% fibonacci retracement, horizontal swing high resistance) and a strong drop might occur pushing...

GBPAUD approaching support, potential bounce!
GBPAUD approaching support, potential bounce!

GBPAUD is approaching our first support at 1.7892 (horizontal overlap support, 100% Fibonacci extension, 50% Fibonacci retracement) and a strong bounce might occur above this...